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ABG Infralogistics approves up to $50 million in convertibles
By Devika Patel
Knoxville, Tenn., March 24 - ABG Infralogistics Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to $50 million in foreign currency convertible bonds at an extraordinary general meeting on March 21.
The company also is considering issuing Global Depositary Receipts and American Depositary Receipts.
ABG Infralogistics, based in Mumbai, India, charter hires and operates heavy-duty cranes.
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